This property looks like a bad Airbnb investment with a projected -15.54% first-year return on $106k initial cash invested.
-15.54%
Cash On Cash
3.02%
Cap Rate
0.45
DSCR
$2,408
Rent
-$1,371
Cashflow
Cash Flow
$2,408 income − $3,779 expenses = $1,371 out of pocket
Investment Breakdown
|
Purchase Price
$418k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$106k
Downpayment
20%
$83,680
Closing costs
1%
$4,184
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$2,408
Total Expenses
$3,779
Mortgage P&I
97%
$2,327
Property Taxes
5%
$121
Home Insurance
6%
$149
HOA
1%
$27
Property Management
15%
$361
CapEx
4%
$96
Vacancy
0%
$0
Maintenance
4%
$96
Other
25%
$602